STORY OF THE DAY
CTP continues expansion in the Czech Republic

Story of the week

News CTP continues expansion in the Czech Republic
23
Mar
2023

CTP continues expansion in the Czech Republic

by Property Forum
The year 2022 was a successful year for CTP, marked by stable growth and excellent business results. In 2022, the portfolio area in the Czech Republic was expanded by 300,000 sqm, bringing the total area to 3.8 million sqm. Rental income increased by 13% year-on-year to €230.3 million (CZK 5.7 billion). At present, CTP is the largest player in the Czech industrial-logistics property market with a 28% share. 
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Report

News Avison Young CEE investment MIPIM
24
Mar
2023

MIPIM: Poland continues to enjoy investor interest

by Property Forum
The mood among investors at MIPIM was mixed: we all expected that the beginning of this year would not be rich in transactions and new projects, and it is true - we are seeing an investment slowdown across Europe, writes Marcin Purgal, Senior Director, Investment at Avison Young. However, in this time of uncertainty, we can say that Poland is enjoying and will continue to enjoy the interest of investors - it is one of the most active markets, across all segments, offering higher rates of return than Western Europe. We have an influx of new capital from the Baltic countries and Scandinavia. Also, the already present capital is still active, such as investors from Central and Eastern Europe as well as a few from Western Europe.
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Real estate investments are regaining attractiveness Globalworth’s portfolio value flat at €3.2 billion in 2022 Ecological real estate design is a way to reduce CO2 emissions

Investment

News ESG Heimstaden Bostadm financing sustainability
24
Mar
2023

Heimstaden Bostad establishes green financing framework

by Property Forum
Heimstaden Bostad has established a combined green and sustainability-linked financing framework to enable the issuance of green and sustainability-linked financing instruments.
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Iulius adds PV panels to its property portfolio Crowdberry's CB Property Investors invests in Liberec MLP Group reaches PLN 4.4 billion in assets

Office

News Brașov Cluj-Napoca Iași JLL Laura Ene office Romania Timișoara
23
Mar
2023

Timișoara records strongest office leasing activity among regional cities in 2022

by Property Forum
Office leasing volumes in Timișoara amounted to 51,400 sqm during 2022, which was more than half of the total deals closed in regional cities. Iași and Cluj-Napoca were next with volumes of 26,700 sqm and 15,200 sqm, respectively, while in Brașov office leasing covered 5,900 sqm. 
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IWG opens new Regus centre near Budapest City Space to open its first location in Łódź Office renting is getting increasingly expensive in Poland

Residential

News Poland PRS Resi4Rent residential Warsaw
23
Mar
2023

Resi4Rent delivers another investment in Warsaw

by Property Forum
The new investment is a continuation of the Resi4Rent Warsaw Woronicza project. It is a 5-story building with 344 subscription apartments.
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Prices of new homes in Romania to fall this year Developer Crescon finishes residential project in Krkonoše Nusco Imobiliara to develop villas in northern Bucharest

Hotel

News Balvanyos Resort Bucharest Cushman & Wakefield Echinox InterGlobe K+K Elisabeta Romania Szarvadi Vitalis Consulting Wolf Theiss
23
Mar
2023

K+K Elisabeta hotel in Bucharest sold to Szarvadi family

by Property Forum
The 4-star K+K Elisabeta hotel located in the Bucharest city center has been sold to Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna for an undisclosed sum. 
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Hungary's KÉSZ Group delivers new hotel near Budapest Indotek Group sells Sofitel hotel in Budapest Marriott Hotels debuts in Tirana

Industrial

News BTO DHL logistics Panattoni Europe Poland warehouse
22
Mar
2023

Panattoni delivers 9,000 sqm BTO for DHL in Wielkopolska

by Property Forum
Panattoni has completed a new build-to-own development for DHL Parcel. The new owner will be making use of a cross-docking centre with an area of almost 9,000 sqm, which the company acquired late last year. The development in Kostrzyn is yet another built-to-suit centre constructed by Panattoni for the DHL group and yet another in the Wielkopolska region.
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Rohlig Suus Logistics to stay longer in Prologis Park Piotrków GLP completes Poznań Airport Logistics Centre Global Vision and Globalworth attract first tenant in Mureș project

Interview

News Hungary hypermarket retail shopping centres
22
Mar
2023

Flexibility and creativity are a must for shopping centre operators

by Property Forum
Retail centres face pressure from different angles and most of them have started refurbishment programs including energy efficiency investments. Is that enough or do they need to invest more to keep up? Property Forum asked Judit Balatoni, Secretary General of the Hungarian Council of Shopping Centres (HCSC) about the ways operators meet current challenges.
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Real estate investments in Slovakia to remain attractive in 2023 Rental housing in the Czech Republic to gain further momentum Now is a good time to invest in data management

Career

News appoitment career Czech Republic Knight Frank portfolio residential
22
Mar
2023

Knight Frank CZ expands portfolio with residential properties

by Property Forum
The Czech branch of Knight Frank is expanding its portfolio of services. Until now, the company has focused on the commercial real estate segment, with the new addition of residential real estate services. The newly established department is headed by Kateřina Poláková, who has extensive experience in sales and marketing management in the residential segment, the company announced.
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Savills expands its management board in Poland Budapest Airport CEO to leave the company 7R strengthens Management Board

Retail

News Colliers Czech Republic Liana Dumitru NEPI Rockcastle Poland retail Romania
21
Mar
2023

Romania’s retail deliveries could reach 260,000 sqm in 2023

by Property Forum
With scheduled retail deliveries of around 260,000 sqm across Romania, this year may turn out to have the heaviest pipeline calendar since 2011, which would add to the existing stock of more than 4.1 million sqm, according to real estate consultancy Colliers. 
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Amadeus to renovate Prague department store for €166 million

Economy

News conference ESG event green certification Hungary office Property Forum
13
Mar
2023

Low-cost ESG measures can’t bring significant improvement

by Property Forum
Nearly all players in the commercial real estate market share the view that the pressure is growing on corporate leaders to have an ESG-compliant stock and operation. But the majority of them stop at „E” i.eg. being more energy efficient and environmentally friendly. This was one of the takeaways of last week’s Budapest ESG Meetup, organized by Property Forum in partnership with workcloud24.
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Inflation hits record high in Hungary last year Foster + Partners to design new CPK airport in Poland Bulgaria to focus on increasing energy efficiency

New leases

  • Online documentation and efficiency solutions company Craft Docs secured a 1,000 sqm of office space in the renewed Krausz Palace office complex in downtown Budapest. The company will move in August 2023. The startup has become the first tenant of the building, Jake Lodge, principal of Avision Young Hungary responsible for the leasing and operative management of the building said.
  • A new tenant has moved into the Eximius Park office complex near Kraków. GoE Wellness is a British healthy lifestyle start-up that is expanding its operations in Europe. The company's new office has an area of approximately 900 sqm and is located in building 200.
  • Galeria Jurajska is strengthening its offer. Three new tenants - fashion brands Quiosque and Lovisa and patisserie Lody Czewskie - will soon appear in the Częstochowa shopping centre.

New appointments

  • CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
  • Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.

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